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Ocean Power Technologies Inc OPTT

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Morningstar’s Analysis

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Company Profile

Business Description

Ocean Power Technologies Inc is a renewable wave-energy technology company, which is engaged in developing systems that generate electricity by harnessing the renewable energy of ocean waves. It offers the PowerBuoy technology which integrates with hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and Asia and Australia.

Contact
28 Engelhard Drive, Suite B
Monroe Township, NJ, 08831
T +1 609 730-0400
Sector Industrials
Industry Electrical Equipment & Parts
Most Recent Earnings Oct 31, 2020
Fiscal Year End Apr 30, 2021
Stock Type Speculative Growth
Employees 36